Live Updates

Mark Carney’s first budget on November 4 is set to reshape Canada’s economy, focusing on home-building and tax reductions. Traders should brace for volatility in Canadian assets amid a projected C$70 billion deficit. – vtmarketsmy.com

Crude oil futures rose to $64.52, above the 100-day moving average, signaling potential bullish momentum. However, resistance above $66.36 and inflation concerns in Europe create a mixed demand outlook. – vtmarketsmy.com

Canada’s retail sales showed mixed results in August: core sales rose 0.4% while overall spending fell 2.2%. Despite challenges, consumer strength hints at a resilient economy and investment opportunities. – vtmarketsmy.com

The White House extended TikTok’s sale deadline to December 18, impacting Oracle’s stock volatility. Traders should navigate market uncertainty with options strategies amid geopolitical tensions influencing prices. – vtmarketsmy.com

The Federal Reserve may signal rate cuts, impacting the US dollar’s value. As the euro rises, traders should consider options to hedge against potential market volatility ahead of the Fed’s decisions. – vtmarketsmy.com

The US Treasury’s recent bond auction raised $13 billion with a favorable yield, indicating strong demand and signaling a potential turning point for the bond market as interest rates stabilize. – vtmarketsmy.com

JERA’s $1.7 billion gas acquisition signals strong long-term demand for US natural gas, influencing Henry Hub futures. Traders should watch for buying pressure and potential stability in prices moving forward. – vtmarketsmy.com

The AUDUSD is climbing towards a critical resistance level at 0.6690, where a breakout could signify strong bullish momentum. Traders should weigh options strategies amid mixed economic signals for both currencies. – vtmarketsmy.com

The EURUSD soared to 1.1860, marking its highest since September 2021. With the USD weakening, opportunities arise for further gains, but key support levels are crucial to watch. – vtmarketsmy.com

European indices plunged, led by Germany’s Dax, amid recession fears from poor economic sentiment. U.S. markets also declined, raising volatility concerns. Traders should consider protective hedging strategies as uncertainty looms. – vtmarketsmy.com